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Global Trade Alert

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China: Launch of CNY 5 billion special fund for independent innovation in Zhongguancun

Description

On 30 May 2023, China's National Council for Social Security Fund announced its plan to launch a CNY 5 billion (USD 707 million) Zhongguancun Independent Innovation Special Fund to support science and...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

19 Jul 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

location-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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